The Government and the Prime Minister
INVESTMENT STATE MANAGEMENT RIGHTS AND RESPONSIBILITIES OF THE
GOVERNMENT
- The Government performs the state management of investment activites nationwide;
directs the formation and implementation of investment strategies, planning, plans and
development by branches, fields, and economic areas; issues policies and legal
normative documents on investment; delegates the state management of investment to
various levels of ministries, agencies and local authorities;
- The Prime Minister directs ministries, agencies, and local authorities to apply the
investment laws and policies; approves or authorizes the approval of investment
planning; gives decisions on investment projects under the authority; decides or allows
the establishment of industrial zones, export processing zones, hi-tech zones and
economic parks; directs the solution to any problems arising during the course of
management of any investment activities beyond the rights of ministries, agencies, and
local authorities;
- The Prime Minister, ministries, agencies and provincial-level People's Committees, the
Management Boards of industrial zones, export processing zones, hi-tech zones and
economic parks shall hold talks with the enterpreneur community and investors.
The Ministry of Planning and Investment
THE RIGHTS AND RESPONSIBILITIES OF THE MINISTRY OF PLANNING AND
INVESTMENT
- Hosting and collaborating with other ministries, agencies and Provincial-level People's
Committees to formulate and review investment legal documents and policies;
Instructing, publicizing, monitoring and checking the implementation of investment
legal normative documents; Issuing the document forms concerning investment
procedures for nationwide application.
- Organizing and collaborating with ministries, agencies, and local authorities to
formulate and and gather development investment planning and plans as well as
national masterplans on the development of industrial zones, export processing zones
and economic parks for Government submission.
- Hosting and collaborating with ministries, agencies and Provincial-level People's
Committees to formulate the list of national projects for investment attraction to submit
to the Prime Minister for approval; advising on the planning addition with out-ofplanning investment projects subject to the Prime Minister's approval; proposing to
Investment Certificate Granting Agency about the necessity of out-of-planning
investment projects subject to the Prime Minister's approval.
- Evaluating and assessing the key national investment projects and other investment
projects according to the decision of the Prime Minister.
- Implementing the state management of investment promotion activities; constructing
the programs, plans and organizing national investment promotion programs;
collaborating with ministries, agencies, and Provincial-level People's Committees in
organizing investment promotion activities; placing representatives of investment
promotion organization abroad; running national investment promotion funds.
- Hosting and collaborating with ministries and agencies to negotiate and propose to
the Government for signing or participating in international treaties concerning
investment; implementing international cooperation on investment activities.
- Organizing training activities, improving specialist skills, reinforcing the investment
management capabilities for the investment state management system of different
levels.
- Collaborating with the General Department of Statistics to collect investment statistics
as regulated by the law on statistics; organizing and biulding the national information
system to cater for investment activities.
- Collaborating with ministries, agencies and local authorities to settle any arising
problems in the formation and implementation of investment projects.
- Evaluating the socio-economic effectiveness of investment activities.
- Monitoring and inspecting investment activities under their own authority; forming
inter-branch programs and plans to check and monitor investment activities; checking
the granting, adjusting and withdrawing of Investment Certificates of the Investment
Certificate Granting agencies as regulated by the Investment Law and this Decree;
checking and monitoring the conduct of the planning approved by the authoritative
levels during the investment period.
- Every 6 months and every year, gathering information about the investment activities
to report to the Prime Minister.
Provincial-Level People Committees
INVESTMENT STATE MANAGEMENT RIGHTS AND RESPONSIBILITIES OF THE
PROVINCIAL-LEVEL PEOPLE'S COMMITTEES
* Collaborating with the ministries, andagencies concerned to formulate and release the
List of investment attraction projects in their locality; organizing the investment
promotion activities on the basis of socio-economic development planning.
* Hosting and receiving investment registeration, checking and granting Investment
Certificates, adjusting and withdrawing Investment Certificates, deciding the
termination of the operation before the expiry date with the investment projects under
its authoriity.
* Performing the state management of the investment plan areas outside the industrial
zones, export processing zones, hi-tech zones and economic parks with the main
content as follows:
- Monitoring, supervising and checking the implementation of investment objectives
ruled in the Investment Certificates as well as the capital contribution progress and
investment project implementation; supervising and checking the fulfilment of financial
duties and the labor-wage relations; protecting the rights and legal benefits of the
employees and the employers, the activities of the socio-political organizations;
protecting the ecological environment; hosting or together with the ministries and
agencies inspecting investment projects in the local region;
- Implementing site clearance; granting the land tenure certificates and supervising the
use of land;
- Settling any difficulties faced by investors; proposing the Prime Minister or ministries
and agencies concerned for solution to the issues beyond their rights;
- Evaluating the effectiveness of investment activities in the local areas.
- Directing the formation of and apporving detailed planning to build industrial zones
and export processing zones as stipulated by legal regulations on construction.
- Hosting and collaborating with the Management Board to prepare quarter, 6-month,
and annual reports on the investment activities in the locai areas for submission to the
Ministry of Investment and Planning.
Management Board of Industrial zones
* Contributing ideas to the ministries, agencies and local authorities in the formation of
legal documents, policies, investment planning, development of industrial zones, export
processing zones, hi-tech zones, and economic parks.
* Receiving investment registration, checking and granting, adjusting and withdrawing
Investment Certificates with investment projects under its authority.
* Monitoring and inspecting the implementation of investment objectives ruled in
Investment Certificates, the capital contribution progress and investment project
implementation; collaborating in checking and inspecting the conduct of regulations on
labor and salary issues; protecting the legal benefits of the employees and the
employers, the activities of socio-political organizations, protecting the ecological
environment in the industrial zones, export processing zones, hi-tech zones and
economic parks.
* Settling difficulties, hindrances of investors in industrial zones, export processing
zones, hi-tech zones, and economic parks and asking for solutions from the Prime
Minister, the ministries and agencies concerned and the provincial-level People's
Committees to the issues beyond their rights.
* Evaluating the investment effectiveness in industrial zones, export processing zones,
and economic parks.
* Sending quarter, 6-month, and annual reports on the investment activities in the
industrial zones, export processing zones, hi-tech zones and economic parks to the
provincial-level People's Committees and the Ministry of Investment and Planning.